This could obviously make a big difference to any refunds obtained if an appeal results in a reduction in Rateable Value. Ratepayers considering making an appeal should therefore do so by the 31st March 2015 deadline.
The Valuation Office could still make their own proposal if an assessment was clearly incorrect and if they do by 01 April 2016 the savings can still be backdated to 2010 but of course there is no guarantee or perhaps incentive for the Valuation Office to make their own proposal!
The exact wording was “The Government will change the rules so that alterations to RV can only be backdated to the period between 01/04/2010 to 01/04/2015 for VO alterations before 01/04/2016 and ratepayer appeals before 01/04/2015 “
If you think you have reason to suspect that your rating assessment on your commercial property is too high and have not yet appealed then contact us immediately for an informal discussion. Your contacts are:-
Martin Hughes, director Barker Storey Matthews Peterborough 01733 897722
Michael Beardall, director Barker Strorey Matthews Huntingdon office 01480 451578
Mark Critchley, director Barker Storey Matthews Cambridge 01223 467155
Adrian Browne, director Barker Storey Matthews Bury St Edmunds, 01284 702655